Buildings are responsible for around 40% energy consumption in the EU and 36% greenhouse gas emissions. Only 1% buildings are renovated each year in terms of energy efficiency. Effective action is essential for Europe to become climate neutral by 2050. Around 34 million Europeans cannot afford to heat their home. Therefore, support for energy-efficient building renovations also responds to energy poverty, supports people’s health and well-being, and helps reduce their energy bills.

Therefore, on October 14, the European Commission published A Renovation Wave Strategy, the aim of which is to improve the energy performance of buildings. Over the next 10 years, the European Commission intends to increase the renovation rates by at least 2 times. This is to improve the quality of life of the inhabitants of these buildings, reduce greenhouse gas emissions, develop digitization and increase the level of re-use and recycling of materials. It is planned that by 2030, 35 million buildings will be renovated and up to 160,000 will be created additional green jobs in the construction sector.

The Strategy will prioritize three areas of action:

source: European Commission